Can the conveyancing lawyers to be found on your site conduct auction conveyancing in Sully?
We know of a number of auction practitioners we can connect you with those conducting auction conveyancing. Sully is just one of our locations where our lawyers cover.
I am helping my step-mother sell her flat in Sully. Will the solicitor commission an energy performance certificate or do I organise this?
After the abolition of Home Packs, EPC’s was maintained a mandatory component of selling a property. An energy assessment should be to hand in advance of the property being marketed. This is not a task that lawyers ordinarily organise. Where you are instructing a Sully conveyancing lawyer they might be willing to arrange energy assessments given their contacts with reputable local energy assessors
I'm the sole beneficiary of my late mum's estate and I have everything in my name alone, including the my former home in Sully. Conveyancing formalities meant that the Land Registry date was in December. I plan to dispose of the property. I understand that there is a Mortgage Lenders six month 'rule', which means that my proprietorship could be considered the same way as though I had purchased the house in December. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. How sensible a view mortgage companies take of it, depend on the lender as this obligation principally exists to pick up on subsales or the flipping of properties.
Having read lots of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Sully solicitor - who is on the Barclays conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Barclays will need an independent valuation of the property. Your lawyer will not arrange this. Usually Barclays will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Sully surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Should commercial conveyancing searches disclose proposed roadworks that may affect a commercial premises in Sully?
Many commercial conveyancing solicitors in Sully will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Sully. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Sully.
For every commercial conveyancing transaction in Sully it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can cause delays to Sully commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Sully.
I decided to have a survey done on a house in Sully before appointing conveyancers. I have been told that there is a flying freehold aspect to the house. Our surveyor advised that some banks will not grant a mortgage on a flying freehold house.
It depends who your proposed lender is. Santander has different requirements from Halifax. Should you wish to telephone us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Sully. Conveyancing will be smoother if you use a solicitor in Sully especially if they are accustomed to such properties in Sully.
We're novice buyers - agreed a price, yet the selling agent informed us that the owners will only move forward if we appoint their recommended conveyancers as they are insisting on a ‘quick sale’. We would rather use a local conveyancer with experience of conveyancing in Sully
We suspect that the seller is not behind this demand. If they desire ‘a quick sale', turning down a genuine purchaser is counter productive. Speak to the owners direct and make sure they understand (a)you are genuine buyers (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you intend to use your own,trusted Sully conveyancing lawyers - not the ones that will provide their negotiator at the agency a introducer fee or hit his conveyancing targets set by corporate headquarters.
I am attracted to a two apartments in Sully which have about fifty years unexpired on the lease term. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Sully. The lease is a right to use the property for a prescribed time frame. As a lease shortens the marketability of the lease deteriorates and it becomes more expensive to acquire a lease extension. For this reason it is generally wise to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease because mortgage lenders may be reluctant to lend money on such properties. Lease extension can be a difficult process. We recommend you seek professional help from a solicitor and surveyor with experience in this field.
I own a split level flat in Sully, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Sully with a long lease are worth £186,000. The ground rent is £55 invoiced every year. The lease ends on 21st October 2079
With 53 years unexpired the likely cost is going to be between £27,600 and £31,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.